Residential Finance (Bayti) and Subsidized financing Murabaha

Tenure (Years) 10
Commitment No Commitment
Profit Type Murabaha
First Home Yes
  Subsidized Financing based on property Financing based on property price
Property Price 500,000
Market value 540,000
Down Payment 25,000.00 50,000.00
Tenure (Months) 10
Profit Rate 2.36% 2.36%
Net Financed 475,000.00 450,000.00
Total Financed 587,100.00 556,200.00
Monthly installment  4,892.50  4,635.00
FTV  95%  90%
Settlement Type Profit+Principal
APR 3.55% 2.39%
Management Fees 5,000.00 5,000.00
Settlement Type Three months profit + (Principal + Profit) that hasn't been paid during the first two years of the loan tenure

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 14/10/2021

Residential Finance (Bayti) and Subsidized Financing Ijarah

Tenure in years 10
Total commitment No Commitment
Profit Rate type Ijarah
First Home Yes
  Subsidized Financing based on property Financing based on property price
Property Price 500,000
Market Value 500,000
Down Payment 5% (25,000) 10% (50,000)
Tenure (months) 120
Profit Rate 2.41% 2.75%
Net Financed 475,000 450,000
Total Financed 589,475 573,750
Monthly installment    
FTV 4,912.29 4,781.25
Settlement Type Principal+Profit
APR 4.77% 5.38%
Management fees 4,750 4,500
Tenure (months)

Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure 

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 14/10/2021

Examples Based on Income

Salary 10,000 15,000 25,000
Property Price 0 0 0
Down Payment 132,000.00 198,000.00 390,000.00
Tenure (Months) 240 240 240
Finance Type Murabaha Murabaha Murabaha
Profit Rate 2.85% 2.85% 2.85%
Net Financed 1,865,160.00 1,782,000.00 3,510,000.00
Maximum Finance Amount 1,320,000.00 1,980,000.00 3,900,000.00
FTV 90% 90% 90%
Monthly Installment 13,271.50 15,675.00 30,875.00
Settlement Type Principal + Profits Principal + Profits Principal + Profits
APR 6.11% 9.08% 9.06%
Management Fees 5,000 5,000 5,000
Early Settlement Fees Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure. Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure. Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure.

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 14/10/2021

Pricing List

Product Profit Type Minimum Profit Rate APR
Residential Finance "Bayti" Ijarah 2.50% 5.05%
Residential Finance "Bayti" (Current Offer) Murabaha 1.99% - 2.25% 3.86% - 4.79%
Residential Finance (subsidized) Ijarah 2.40% 4.46%
Residential Finance (subsidized) (Current Offer) Murabaha 1.99% - 2.40% 3.86% - 4.46%
Equity Release (Current Offer) Murabaha 1.99% - 2.25% 3.86% - 5.63%
Investment Finance (from Salary) (Current Offer) Murabaha 1.99% - 2.25% 3.86% - 4.36%
Investment Finance (from Property income) Murabaha 4.50% 7.17%

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 14/10/2021

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